The John Lewis Partnership has published the latest edition of its Constitution, which defines the industrial democracy that operates at the heart of the UK's largest employee-owned business.
Instead of having external shareholders, all 86,700 Partners are co-owners, receiving a share of the company's profits and having a say in how the business is run. This is through a robust system of elected representatives who hold management to account.
This process of industrial democracy is defined in the Constitution, originally written by the Partnership's Founder John Spedan Lewis in 1928. His unique vision meant that a year later he founded the Partnership by beginning the transfer of the company into a Trust, through the first of two trust settlements, for the benefit of employees.
Jane Barnett-Roberts, Head of Democratic Engagement, said: 'The Constitution embodies employee ownership at the John Lewis Partnership. Dating back nearly 90 years, the Constitution, and the democratic vitality it supports, lies at the heart of the Partnership. It uniquely defines what we are and how we do business in every Waitrose and John Lewis shop, in our offices and at our distribution and manufacturing facilities across the country."